September 14, 2017 archive

West Texas Intermediate crude – the U.S. benchmark – traded at more than $50 a barrel before settling slightly lower on Thursday based on expectations for stronger demand and efforts by major producers to maintain a production curb agreement, according to Bloomberg MarketWatch. October West Texas Intermediate oil climbed 59 cents, or 1.2%, to settle at …

Earthquakes and Cushing. They’ve now caught the eye of one national news group that suggests the oil storage tank farms in the north central Oklahoma community are “vulnerable.” Under the headline, “How Man-made Earthquakes Could Cripple the U.S. Economy,” Politico’s Kathryn Miles writes how the growing earthquakes in the state “changed the landscape of Oklahoma …

You don’t need to venture into an American Indian casino in Oklahoma to gamble. Just do what Schlumberger’s doing—-getting into the oil and gas production end of the industry. The world’s largest oilfield services firm has apparently decided it wants to get in on the ownership action of upstream oil and gas production. Reports indicate …

New York-based Viking Energy Group announced this week it acquired more working interests in oil and gas-related leases in Eastern Kansas. Through its wholly-owned subsidiary, Mid-Con Drilling of Kansas it acquired 980 acres of property. The leases produce oil from the Cherokee formation at a depth of about 850 feet. Viking says they offer …

Tulsa’s Samson Resources II LLC plans to five five wells in southwestern Wyoming and at the same time speed up its program in the Powder River basin. Samson plans to use two rigs to drill wells in the Fort Union gas formation of Sweetwater county where Rock Springs is the county seat. The company says …

Oklahoma Congressman Markwayne Mullin’s move to roll back Obama-era environmental rules on limits of greenhouse emissions from oil and gas wells won approval Wednesday in the U.S. House. Two of this amendments were attached to a major spending bill that the House has yet to vote upon. Representatives voted 218-195 in favor of one amendment …

Oklahoma City-based Enable Midstream Partners, LP has reached a $300 million deal to buy natural gas gathering and assets from Align Midstream, LLC in Northern Louisiana. The assets are in the Cotton Valley and Haynesville plays of the Ark-La-Tex Basin and extends Enable’s footprint in areas with increasing producer activity. Align runs nearly 190 miles …

Oklahoma native John Tahsuda III, a member of the state’s Kiowa Tribe was named this week to be a top official with the U.S. Department of Interior. Interior Secretary Ryan Zinke announced Tahsuda will become the department’s Principal Deputy Assistant Secretary of Indian Affairs. As Assistant Secretary, Tahsuda will be the first assistant and principal …